Analysts Set Origin Bancorp, Inc. (NYSE:OBK) PT at $44.80

Origin Bancorp, Inc. (NYSE:OBK) has received an average rating of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $44.80.

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Origin Bancorp from $43.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Origin Bancorp in a research report on Thursday, January 22nd. DA Davidson set a $49.00 target price on Origin Bancorp in a research report on Friday, January 30th. Zacks Research raised Origin Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Finally, Piper Sandler increased their price target on Origin Bancorp from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th.

Institutional Investors Weigh In On Origin Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Origin Bancorp by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 1,753,530 shares of the company’s stock valued at $65,950,000 after purchasing an additional 37,050 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Origin Bancorp by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,359,580 shares of the company’s stock valued at $46,933,000 after buying an additional 31,267 shares in the last quarter. Tributary Capital Management LLC boosted its stake in Origin Bancorp by 92.5% during the third quarter. Tributary Capital Management LLC now owns 790,234 shares of the company’s stock valued at $27,279,000 after buying an additional 379,716 shares in the last quarter. American Century Companies Inc. grew its holdings in Origin Bancorp by 0.9% during the second quarter. American Century Companies Inc. now owns 680,970 shares of the company’s stock worth $24,338,000 after acquiring an additional 6,377 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Origin Bancorp by 3.2% in the first quarter. Goldman Sachs Group Inc. now owns 653,589 shares of the company’s stock worth $22,660,000 after acquiring an additional 20,146 shares in the last quarter. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Price Performance

NYSE:OBK opened at $45.71 on Thursday. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 19.05 and a beta of 0.77. The firm’s 50 day moving average is $39.73. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.08. Origin Bancorp has a 12-month low of $28.80 and a 12-month high of $46.02.

Origin Bancorp (NYSE:OBK) last posted its earnings results on Wednesday, January 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. Origin Bancorp had a return on equity of 6.27% and a net margin of 12.58%.The company had revenue of $94.00 million for the quarter.

Origin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, February 13th. Origin Bancorp’s dividend payout ratio is currently 25.00%.

Origin Bancorp Company Profile

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.

Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.